HTC sacks 20% of US workforce

HTC has resorted to some rather drastic measures. The struggling smartphone maker has laid off one fifth of its US team.

The news comes after months of turmoil, which saw HTC lose quite a bit of talent and a few high-profile execs. The staff apparently learned of the cuts sometime last week and HTC officially acknowledged them on Friday. On Monday HTC’s stock dropped by 3.5 percent.

HTC was off to a good start earlier this year, as the HTC One got plenty of positive reviews and quickly turned into a huge success. However, One is not enough. HTC eventually introduce the One Mini and it’s working on an oversized version as well.

It also recruited Iron Man himself to promote the new phones, but although things seem to be getting better, there is still plenty of trouble ahead.